Women Are Affected More by Coronavirus

This article appeared on The Female Economist and is republished here with permission.

There’s no denying the fears that we all face right now—from changes in our personal lives to the economic downturn and the healthcare crisis. Data shows that 22 million Americans have now filed for unemployment and the virus has claimed the lives of thousands across the nation. While it’s hard to fathom the scale at which COVID-19 has impacted us, it is also worth noting that women face the brunt of this fallout. The gender inequality crisis that exists right now is a serious issue that needs to be addressed.

Women on the Frontline

The novel coronavirus has had a devastating impact on the healthcare sector where situational factors have caused women to face greater consequences. Nearly 76 percent of the healthcare force is female. Doctors, nurses, health aides, and other members on the frontlines who are under the age of 45 are mostly female. These healthcare heroes work tirelessly to help save lives while risking their own.

Facebook’s COO, Sheryl Sandberg, says that the global crisis brings to light the gender inequalities that exist in our society. We need to use this time to work together and fix these structural issues.

More Time Spent on Childcare

An added issue that many parents face is more time spent on childcare. With schools and daycares closed infinitely, the responsibility of caring for the kids has now shifted solely to the parents. Statistics show that 44 percent of married couples with children are dual earners and need to split their time spent on childcare.

This is where the inequality persists as data shows that women take on 60 percent of childcare duty on average. While men spend 7.2 hours of childcare per week, women do 10.3 hours. If schools continue to remain closed for the next couple of months, mothers are likely to bear the greater responsibility of childcare.

Equal Work, Unequal Pay

In addition to facing greater economic and societal risks as a result of COVID-19, women are also paid less than men. Research conducted by PayScale in 2020 showed that women make only $0.81 for every dollar men make. This is just a 2 percent raise from the prior year. The pay gap also fluctuates based on the type of work. In the medical field, female family doctors make $0.94 on the dollar when compared to their male counterparts in the same position. However, female anesthesiologists make only 83 cents on the dollar.

The repercussions are also greater for women when they leave the workforce. Studies show that women who reapply for jobs after a break in employment are offered salaries that are approximately 7 percent lower than those offered to men. Women are also more likely to take time off or resign to take care of children of elderly family members. While many employers are facing trying times, it is important not to lose sight of the gender inequalities that exist in the workplace and strive to put an end to unconscious biases that affect women.

It goes without saying that women spearhead many aspects of society and the coronavirus has only amplified the importance of women on the frontlines. As we continue to fight this pandemic, let’s use this time as an opportunity to break gender biases and work towards equality for all!

By Divya Premkumar

You Might Also Like

A stock market graph, similar to the trajectory of GameStop stock, is displayed on a tablet. A blank piece of paper and a pen are next to the tablet, and all sit on a wooden tabletop.
GameStop, a dying video game retailer, has blown past epic propor... Read More

March 16, 2021


A person hands a credit card to an employee holding a credit card reader.
The following is a guest post by Monica Eaton-Cardone, cofounder ... Read More

March 16, 2021


A happy elderly couple looks over the new payday loan regulations.
The Consumer Financial Protection Bureau, or CFPB was created to ... Read More

March 16, 2021


Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team